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Why Teladoc Health Stock Lost 16% in August

TheMotleyFool

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Why Teladoc Health Stock Lost 16% in August: https://g.foolcdn.com/editorial/images/699709/telehealth-doctor-virtual-visit-sick-child-parent.jpg

Shares of Teladoc Health (NYSE: TDOC) were moving backward last month after the telehealth company received a number of negative analyst notes and pulled back along with the broader market fears in the second half of August.

According to data from S&P Global Market Intelligence, the stock finished the month down 16%. As you can see from the chart below, most of the decline came in the second half of the month, due to an analyst downgrade and fears of rising interest rates.